Covenant Mercy Mission Inc
Covenant Mercy Mission Inc consistently spends nearly all revenue annually with no reported officer compensation.
EIN: 135604698 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.8M |
| Total Expenses | $3.5M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $243K |
| Transparency Score | 85/100 |
Is Covenant Mercy Mission Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Covenant Mercy Mission Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Covenant Mercy Mission Inc
Covenant Mercy Mission Inc (EIN: 135604698) is a nonprofit organization based in New York, NY. The organization reported total revenue of $3.8M and total assets of $166K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Covenant Mercy Mission Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Covenant Mercy Mission Inc is a mid-size nonprofit that has been operating for 53 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.6M |
| Total Expenses | $3.5M |
| Surplus / Deficit | +$61K |
| Total Assets | $243K |
| Net Assets | $243K |
| Operating Margin | 1.7% |
| Months of Reserves | 0.8 months |
Financial Health Grade: A
In 2023, Covenant Mercy Mission Inc reported a surplus of $61K with revenue exceeding expenses, holds 0.8 months of operating reserves (limited).
Financial Trends
Over 7 years of filings (2017–2023), Covenant Mercy Mission Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +230.4% | +219.8% | +34.8% |
| 2022 | -60.2% | -57.6% | -8.5% |
| 2021 | -32.0% | -35.8% | +212.3% |
| 2020 | +23.3% | +23.0% | -32.3% |
| 2019 | +6.6% | +10.8% | -23.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 1973 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Covenant Mercy Mission Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Covenant Mercy Mission Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $61K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all filings, indicating that officers are either volunteers or compensated through non-reportable means, which significantly reduces overhead costs for an organization with annual revenues often exceeding $3 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Covenant Mercy Mission Inc's IRS 990 filings:
- Low asset base relative to annual revenue, limiting financial reserves (e.g., $242,557 assets vs. $3.5M+ revenue in 2023)
- NTEE code is unknown, which limits understanding of its specific programmatic focus.
Strengths
The following positive indicators were identified for Covenant Mercy Mission Inc:
- High utilization of funds, with expenses closely tracking revenue across all periods (e.g., $3,582,408 revenue vs. $3,521,037 expenses in 2023).
- Consistent reporting of 0% officer compensation, indicating low executive overhead.
- Absence of reported liabilities in recent years ($0 in 2023 and 2018), suggesting good debt management.
- Consistent filing of IRS Form 990s, demonstrating transparency in financial reporting.
Frequently Asked Questions about Covenant Mercy Mission Inc
Is Covenant Mercy Mission Inc a legitimate charity?
Covenant Mercy Mission Inc (EIN: 135604698) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 7 years of IRS 990 filings on record. Total revenue: $3.8M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Covenant Mercy Mission Inc spend its money?
Covenant Mercy Mission Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Covenant Mercy Mission Inc tax-deductible?
Covenant Mercy Mission Inc is registered as a tax-exempt nonprofit (EIN: 135604698). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Covenant Mercy Mission Inc CEO make?
Covenant Mercy Mission Inc's highest-compensated officer earns $3 annually. The organization reported $3.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Covenant Mercy Mission Inc's spending goes to programs?
Covenant Mercy Mission Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Covenant Mercy Mission Inc located?
Covenant Mercy Mission Inc is headquartered in New York, New York and files with the IRS under EIN 135604698.
How many years of IRS 990 filings does Covenant Mercy Mission Inc have?
Covenant Mercy Mission Inc has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.8M in total revenue.
Is Covenant Mercy Mission Inc financially stable?
The organization appears operationally stable, consistently spending its revenue on its mission. However, its low asset base relative to its annual revenue (e.g., $242,557 in assets vs. $3,582,408 revenue in 2023) means it has limited financial reserves, which could pose a risk during revenue downturns.
How much of its money goes to programs?
Based on the close alignment of total expenses to total revenue (e.g., $3,521,037 expenses vs. $3,582,408 revenue in 2023), and the 0% officer compensation, a very high percentage of funds likely go directly to programs, estimated around 90%, though a detailed breakdown is not provided in the summary data.
Does the organization have high administrative costs?
The consistent 0% officer compensation suggests administrative costs are likely low. Without a detailed breakdown, it's difficult to pinpoint exact administrative spending, but the overall efficiency implied by expenses tracking revenue closely suggests a lean operation.
Filing History
IRS 990 filing history for Covenant Mercy Mission Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Covenant Mercy Mission Inc's revenue has grown by 4.2%, moving from $3.4M to $3.6M. Total assets increased by 576.3% over the same period, from $36K to $243K. Total functional expenses rose by 2.5%, from $3.4M to $3.5M. In its most recent filing year (2023), Covenant Mercy Mission Inc reported a surplus of $61K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.6M | $3.5M | $243K | $0 | — | — |
| 2022 | $1.1M | $1.1M | $180K | $4K | — | View 990 |
| 2021 | $2.7M | $2.6M | $197K | $4K | — | View 990 |
| 2020 | $4.0M | $4.0M | $63K | $4K | — | View 990 |
| 2019 | $3.3M | $3.3M | $93K | $4K | — | View 990 |
| 2018 | $3.1M | $3.0M | $122K | $0 | — | View 990 |
| 2017 | $3.4M | $3.4M | $36K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.6M, expenses of $3.5M, and assets of $243K (revenue +230.4% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.1M, and assets of $180K (revenue -60.2% year-over-year).
- 2021: Revenue of $2.7M, expenses of $2.6M, and assets of $197K (revenue -32.0% year-over-year).
- 2020: Revenue of $4.0M, expenses of $4.0M, and assets of $63K (revenue +23.3% year-over-year).
- 2019: Revenue of $3.3M, expenses of $3.3M, and assets of $93K (revenue +6.6% year-over-year).
- 2018: Revenue of $3.1M, expenses of $3.0M, and assets of $122K (revenue -11.2% year-over-year).
- 2017: Revenue of $3.4M, expenses of $3.4M, and assets of $36K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Covenant Mercy Mission Inc:
Data Sources and Methodology
This transparency report for Covenant Mercy Mission Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.